Specialist lenders to prosper in a challenging buy to let market

Monday, September 28th, 2020

In life as well as in business, the best lessons are often learned during the most difficult and challenging times, and this sentiment certainly holds with respect to the mortgage market since the onset of the COVID 19 pandemic.

With an array of new complexities and added considerations impacting mainstream lenders in recent months (together with previously static parameters changing at the same time), many have temporarily withdrawn from the buy to let market. 

Expert Buy to Let Mortgage Brokers Can Help

That said, some landlords have benefited from using the services of buy to let mortgage brokers who have helped them to stabilise, manage, and then grow their buy to let property portfolios.  A suitably qualified and experienced broker can access specialist buy to let lenders that understand these new market conditions and have mortgage products that will address many of the issues that arise from them.

Opportunities in a ‘New Look’ Market

Looking ahead in terms of the mortgage market, whilst the Coronavirus pandemic will bring its challenges, the team here at Caboodle Finance believes that there are likely to be great opportunities for those who are in a position to negotiate this ‘new look’ buy to let market.

More specifically, although the next 12 months may prove to be tough for some landlords and property investors, the role of specialist lenders will be pivotal. This is because in using a criteria-led approach to assess each applicant’s circumstances, which offers greater flexibility as part of a manual underwriting process, they can view each case holistically and on its own merits.

Independent Professional Buy to Let Advice

In fact, an introduction made by a professional broker can often be the make or break point for a landlord who must first survive and, following this, build upon the foundations of what was perhaps once a much stronger property portfolio.

In summary, independent professional advice remains a crucial component in any property investment scenario and that is where our team will add value to your project.

Speak to a Buy to Let Mortgage Specialist

Whether you are an existing landlord or just getting started on your property journey, call us here at Caboodle Finance of Sutton Coldfield, Birmingham 0121 308 9114 to speak with one of our friendly experts in complete confidence or, alternatively, just click HERE to contact us via our website, and one of our buy to let mortgage specialists will get in touch.

We look forward to hearing from you.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2020 Caboodle Financial Services Ltd